Earnings Season Is Winding Down & What Jobless Claims Means For The Fed

The biggest disconnect is market expectations of rate cuts starting as soon as this summer, notes Liz Ann Sonders. She discusses the consumer price index for April 2023 and how futures are mixed after latest PPI and jobless claims data. She mentions that earnings season is winding down with better-than-expected results but still negative in terms of year-over-year change. She talks about what the latest jobless claims data means for the Fed's rate hikes. She then goes over how this week's inflation data will impact the Fed. Tune in to find out more about the stock market today.